[Federal Register Volume 87, Number 24 (Friday, February 4, 2022)]
[Notices]
[Pages 6625-6626]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-02299]
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JUDICIAL CONFERENCE OF THE UNITED STATES
Adjustment of Certain Dollar Amounts in the Bankruptcy Code
AGENCY: Judicial Conference of the United States.
ACTION: Notice of adjusted dollar amounts.
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SUMMARY: Pursuant to the United States Code, certain dollar amounts are
adjusted to reflect the change in the Consumer Price Index for All
Urban Consumers for the most recent 3-year period ending immediately
before January 1, 2022.
DATES: The dollar amounts are adjusted on April 1, 2022.
FOR FURTHER INFORMATION CONTACT: Gary D. Streeting, Senior Attorney,
Judicial Programs Division, Administrative Office of the United States
Courts, Thurgood Marshall Federal Judiciary Building, One Columbus
Circle NE, Room 4-122, Washington, DC 20544, Telephone (202) 502-1800,
or by email at [email protected].
SUPPLEMENTARY INFORMATION: Section 104 of title 11, United States Code,
provides the mechanism for an automatic three-year adjustment of dollar
amounts in certain sections of titles 11 and 28. Notice is hereby
given, pursuant to 11 U.S.C. 104(b), that the next such adjustment will
occur on April 1, 2022. Effective on that date, the dollar amounts in
effect under sections 101(3), 101(18), 101(19A), 101(51D), 109(e),
303(b), 507(a), 522(d), 522(f)(3) and 522(f)(4), 522(n), 522(p),
522(q), 523(a)(2)(C), 541(b), 547(c)(9), 707(b), 1322(d), 1325(b), and
1326(b)(3) of title 11, and section 1409(b) of title 28, United States
Code, are adjusted as set forth in the chart below to reflect the
change in the Consumer Price Index for All Urban Consumers, published
by the Department of Labor, for the 3-year period ending immediately
before January 1, 2022, rounded to the nearest $25. This adjustment
does not apply with respect to cases commenced before April 1, 2022.
Seven Official Bankruptcy Forms (106C, 107, 122A-2, 122C-2, 201, 207,
and 410) and two Director's Forms (2000 and 2830) will also be amended
to reflect these adjusted dollar amounts.
(Authority: 11 U.S.C. 104.)
Dated: January 31, 2022.
Gary D. Streeting,
Senior Attorney, Judicial Programs Division.
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Affected sections of Title 28 Dollar amount to New (adjusted)
U.S.C. and the bankruptcy code be adjusted dollar amount \1\
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28 U.S.C.
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Section 1409(b)--a trustee may
commence a proceeding arising
in or related to a case to
recover:
(1)--money judgment of or $1,375............ $1,525.
property worth less than.
(2)--a consumer debt less $20,450........... $22,700.
than.
(3)--a non-consumer debt $25,000........... $27,750.
against a non-insider less
than.
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11 U.S.C.
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Section 101(3)--definition of $204,425.......... $226,850.
assisted person.
Section 101(18)--definition of $10,000,000 (each $11,097,350 (each
family farmer. time it appears). time it appears).
Section 101(19A)--definition of $2,044,225 (each $2,268,550 (each
family fisherman. time it appears). time it appears).
Section 101(51D)--definition of $2,725,625 (each $3,024,725 (each
small business debtor. time it appears). time it appears).
Section 109(e)--debt limits for $419,275 (each $465,275 (each
individual filing bankruptcy time it appears). time it appears).
under chapter 13. $1,257,850 (each $1,395,875 (each
time it appears). time it appears).
Section 303(b)--minimum $16,750 (each time $18,600 (each time
aggregate claims needed for the it appears). it appears).
commencement of an involuntary
chapter 7 or 11 petition.
Section 507(a)--priority
expenses and claims:
(1)--in paragraph (4)....... $13,650........... $15,150.
(2)--in paragraph (5)(B)(i). $13,650........... $15,150.
(3)--in paragraph (6)....... $6,725............ $7,475.
(4)--in paragraph (7)....... $3,025............ $3,350.
Section 522(d)--value of
property exemptions allowed to
the debtor:
(1)--in paragraph (1)....... $25,150........... $27,900.
(2)--in paragraph (2)....... $4,000............ $4,450.
(3)--in paragraph (3)....... $625.............. $700.
$13,400........... $14,875.
(4)--in paragraph (4)....... $1,700............ $1,875.
(5)--in paragraph (5)....... $1,325............ $1,475.
$12,575........... $13,950.
[[Page 6626]]
(6)--in paragraph (6)....... $2,525............ $2,800.
(7)--in paragraph (8)....... $13,400........... $14,875.
(8)--in paragraph (11)(D)... $25,150........... $27,900.
Section 522(f)(3)--exception to $6,825............ $7,575.
lien avoidance under certain
state laws.
Section 522(f)(4)--items $725 (each time it $800 (each time it
excluded from definition of appears). appears).
household goods for lien
avoidance purposes.
Section 522(n)--maximum $1,362,800........ $1,512,350.
aggregate value of assets in
individual retirement accounts
exempted.
Section 522(p)--state homestead $170,350.......... $189,050.
exemption, limit for interest
acquired 1215 days before
filing.
Section 522(q)--state homestead $170,350.......... $189,050.
exemption, limit under
particular circumstances.
Section 523(a)(2)(C)--exceptions
to discharge--presumption of
nondischargeability:
(1)--in paragraph (i)(I)-- $725.............. $800.
consumer debts for luxury
goods or services incurred
<=90 days before filing
owed to a single creditor
in the aggregate.
(2)--in paragraph (i)(II)-- $1,000............ $1,100.
certain cash advances
obtained <=70 days before
filing, in the aggregate.
Section 541(b)--certain property $6,825 (each time $7,575 (each time
of the estate exclusion limits. it appears). it appears).
Section 547(c)(9)--minimum $6,825............ $7,575.
preference avoidance value in
cases with primarily non-
consumer debts.
Section 707(b)--dismissal of a
chapter 7 case or conversion to
chapter 11 or 13 (means test):
(1)--in paragraph $8,175............ $9,075.
(2)(A)(i)(I).
(2)--in paragraph $13,650........... $15,150.
(2)(A)(i)(II).
(3)--in paragraph $2,050............ $2,275.
(2)(A)(ii)(IV).
(4)--in paragraph $8,175............ $9,075.
(2)(B)(iv)(I).
(5)--in paragraph $13,650........... $15,150.
(2)(B)(iv)(II).
(6)--in paragraph (5)(B).... $1,375............ $1,525.
(7)--in paragraph (6)(C).... $750.............. $825.
(8)--in paragraph $750.............. $825.
(7)(A)(iii).
Section 1322(d)--length of $750 (each time it $825 (each time it
chapter 13 plan, current appears). appears).
monthly income, 4+ household.
Section 1325(b)--confirmation of $750 (each time it $825 (each time it
chapter 13 plan, current appears). appears).
monthly income, 4+ household.
Section 1326(b)(3)--payments to $25............... $25.
former chapter 7 trustee.
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\1\ The New (Adjusted) Dollar Amounts reflect a 10.97347880254584
percent increase, rounded to the nearest $25.
[FR Doc. 2022-02299 Filed 2-3-22; 8:45 am]
BILLING CODE 2210-55-P